Tejara Capital Ltd Makes New $1.01 Million Investment in Denison Mine Corp $DNN

Key Points

• Tejara Capital Ltd acquired 775,100 shares of Denison Mine Corp, valued at approximately $1,008,000, increasing its stake to about 0.09% as of the latest SEC filing.
• Institutional investors collectively own 36.74% of Denison Mine's stock, with several new positions being established recently by various hedge funds.
• Denison Mine's stock has a consensus rating of "Buy" from analysts and a price target of $3.00, indicating positive sentiment among investors.

Tejara Capital Ltd acquired a new position in shares of Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 775,100 shares of the basic materials company's stock, valued at approximately $1,008,000. Tejara Capital Ltd owned about 0.09% of Denison Mine at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in shares of Denison Mine in the 4th quarter valued at $501,000. Geode Capital Management LLC increased its holdings in shares of Denison Mine by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 432,019 shares of the basic materials company's stock valued at $792,000 after purchasing an additional 11,296 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Denison Mine by 35.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 33,633 shares of the basic materials company's stock valued at $61,000 after purchasing an additional 8,783 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Denison Mine during the fourth quarter worth $3,543,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Denison Mine in the fourth quarter valued at $102,000. 36.74% of the stock is owned by institutional investors and hedge funds.

Denison Mine Price Performance

NYSEAMERICAN:DNN traded down $0.13 during mid-day trading on Tuesday, reaching $1.93. The stock had a trading volume of 53,092,010 shares, compared to its average volume of 78,801,102. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -32.17 and a beta of 1.39. Denison Mine Corp has a 1-year low of $1.08 and a 1-year high of $2.47. The stock's 50 day simple moving average is $1.94 and its two-hundred day simple moving average is $1.68.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DNN shares. TD Securities reissued a "buy" rating on shares of Denison Mine in a research note on Monday, August 11th. National Bankshares reaffirmed an "outperform" rating on shares of Denison Mine in a research note on Monday. Scotiabank reiterated an "outperform" rating on shares of Denison Mine in a research report on Thursday, August 7th. Desjardins upgraded Denison Mine to a "moderate buy" rating in a report on Monday. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Denison Mine in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $3.00.

Denison Mine Company Profile

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.